TCS, Infosys Q3 earnings snapshotWipro, HCLTech earnings snapshotGrowth in India's information technology (IT) sector is expected to bounce back in the next fiscal year, according to experts. He stated that the next two quarters might be challenging due to hesitation in discretionary spending and new initiatives. Fersht mentioned that there are discussions regarding significant deals in the market, and there is a positive outlook on the realization of these deals in the next few quarters. Kumar Rakesh, an analyst at BNP Paribas, highlighted that recent strong deal wins have started to drive TCS' revenue growth after a few stagnant quarters. Rakesh found comfort in TCS' optimistic stance on demand recovery, as the company is witnessing pent-up demand for new technologies and expects the BFSI sector to recover in the coming quarter.

Source: Economic Times January 16, 2024 06:33 UTC